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Maharashtra: Special drive for housing societies to get deemed conveyance
Publish on : 2020-12-22 18:56:33
The drive will be held from January 1 to 15. Housing societies that wish to obtain conveyance can do so during this special drive, said the circular. MUMBAI: The cooperatives commissioner is initiating a 15-day drive to enable housing societies obtain deemed conveyance. The letter issued to all d...
Record residential sales momentum in Q4 helps cushion dip in 2020 performance
Publish on : 2020-12-22 18:43:30
Although residential real estate bottomed out in 2020 against the previous peak of 2014, the October-December quarter has provided strong revival signs with home affordability being at its all-time best. MUMBAI: While the ongoing Covid19 pandemic has delivered a hard blow to the residential real...
Maharashtra stays freehold status of MLR lands
Publish on : 2020-12-18 12:21:35
No such decision has been taken for nazul leasehold plots which are located only in Vidarbha. However, a senior cabinet minister told TOI that a decision on it is expected soon. NAGPUR: The Uddhav Thackeray-led Maha Vikas Aghadi (MVA) government has imposed a stay on rules framed for giving freeh...
Housing societies in Pune struggle with shrinking coffers
Publish on : 2020-12-18 12:16:27
“Efficient and intelligent management of funds is key for all housing societies,” said Suhas Patwardhan, chairman, Pune District Cooperative Housing Federation. PUNE: Many housing societies are struggling to meet increased expenses, with limited funds at their disposal. “There are many members...
Fire NOC & systems not must for buildings up to 24 metre in Maharashtra
Publish on : 2020-12-16 13:14:04
Earlier, buildings requiring fire NOC were called as high-rise buildings. In unified DCR, the government has continued with title of high-rise buildings and also called them special buildings. NAGPUR: From existing 15 metre, the state government has increased the height to 24 metre for all building...
FM Logistic India leases 9 lakh sq ft warehousing space from Welspun One in Bhiwandi
Publish on : 2020-12-16 13:03:53
The company is investing Rs 900 crore to develop its 110-acre industrial park project at Bhiwandi in Mumbai Metropolitan Region (MMR). The project has a potential leasable area of 3.2 million sq ft. NEW DELHI: Welspun One Logistics Parks will provide on lease around 9 lakh sq ft warehousing space t...
Audit deadline relaxed for cooperative housing societies in Maharashtra
Publish on : 2020-12-16 13:01:08
The department also appealed to them to approach the registrar's office to complete conveyance deed of residential housing societies at the earliest. MUMBAI: The Maharashtra government's cooperation department has extended the deadline for cooperative housing societies to complete their audits by D...
All parties in BMC back 50% slash in premiums for real estate sector
Publish on : 2020-12-11 14:06:55
The civic administration is now awaiting the state cabinet nod to the Deepak Parekh committee’s recommendations even though it expects a shortfall of Rs 5,000-Rs6,000 crore in its revenue this fiscal. MUMBAI: All the eight political party group leaders in the BMC have expressed support for the 50...
Mumbai property registrations at 8-year high in November, up 67% on year
Publish on : 2020-12-11 14:02:53
Registration of housing sales in the country’s commercial capital rose 67% from a year ago to 9,301 deals in November led by record-low housing loan interest rates, festive offers, discounts and the reduction in stamp duty. MUMBAI: Residential property sales in Mumbai, the country's hottest prope...
Maharashtra deviates from Centre's norms for building plan sanction, OC
Publish on : 2020-12-11 13:51:51
The state has fixed 60 days for sanctioning building plan and 21 days for issuing OC while it is 30 days and 8 days, respectively, in centre’s order issued under Ease of Doing Business three years ago. NAGPUR: The state government's unified development control and promotion regulations (DCPR) is...

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